Access Holdings, a Nigerian financial services group, announced on Thursday, December 1, 2022, that it had obtained a license from France to open a subsidiary in the country. The announcement was made by Herbert Wigwe, the group's CEO, at a General Meeting.

The Nigerian financial services group operates in eleven African markets and wants to diversify its income base with “high-quality profits from countries with lower inflation rates.” Thus, it will take place in France after the United Kingdom. “We will continue to expand in Europe to ensure that at the end of the day, perhaps in ten years, we will have created a very solid diversified entity,” the managing director announced without specifying the areas of activity of the group's new subsidiary in France.

According to him, the Access Holdings Group “will not only rely on Nigeria or Africa to continue growing, but also on a diversified revenue base, with high-quality earnings coming from countries with lower inflation rates.”

In reality, Access Holdings is the leading financial services group in Nigeria in terms of assets, operating in particular in the banking, insurance, brokerage and pension fund management sectors in eleven African countries, including South Africa, Ghana, Kenya, Rwanda, and Mozambique. It also has a subsidiary in the United Kingdom and a representative office in Dubai.